VANRY / TetherUSPanjang
Vanry Usdt Technical Analysis
The VANRY/USDT pair is trading at a key support zone (Green) between $0.1333 and $0.1398, which has proven to be a strong area from which the price could bounce.
If the price successfully flips the immediate resistance level at $0.1569, it may go towards the descending trend line, which might act as a powerful barrier to further upward movement.
After a strong breakout from the trend line, there is a major resistance zone (blue) between $0.2399 and $0.2530; by flipping this blue zone, we might see the vanry price reach new highs.
The descending trendline from the March 2024 highs continues to exert downward pressure, showing that bearish forces are still strong.
To predict future movements, traders should look for important price levels and volume spikes, which indicate the strength of any breakthrough or breakdown.
If the price fails to hold the Green zone and breaks down from here, it may fall to the next support level at $0.0993, with further drops potentially revisits the last zone highlighted in Yellow on the chart at $0.0769 - $0.0812.
Remember to always use a stop loss to protect your capital.
Everything is on the chart.
If the price successfully flips the immediate resistance level at $0.1569, it may go towards the descending trend line, which might act as a powerful barrier to further upward movement.
After a strong breakout from the trend line, there is a major resistance zone (blue) between $0.2399 and $0.2530; by flipping this blue zone, we might see the vanry price reach new highs.
The descending trendline from the March 2024 highs continues to exert downward pressure, showing that bearish forces are still strong.
To predict future movements, traders should look for important price levels and volume spikes, which indicate the strength of any breakthrough or breakdown.
If the price fails to hold the Green zone and breaks down from here, it may fall to the next support level at $0.0993, with further drops potentially revisits the last zone highlighted in Yellow on the chart at $0.0769 - $0.0812.
Remember to always use a stop loss to protect your capital.
Everything is on the chart.
Penafian
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